The AUD USD pair shows remarkable resilience, maintaining its position near the mid 0.6300s during early European hours. After a slight dip recently, the Australian Dollar has regained upward momentum, thanks in part to the US Dollar weakening. Moreover, the Reserve Bank of Australia has expressed a relatively hawkish outlook, lending further support to AUD prices.

As traders anticipate the Federal Open Market Committee minutes, market sentiment balances on the brink of potential market shifts. A downward movement in the US Dollar plays a significant role as investors weigh the implications of US monetary policy on global currencies.

To conclude, the AUD USD pair stands poised to capitalize on the current conditions, with traders eyeing the upcoming FOMC minutes for clues that could swing market direction. Stay alert for developments and market reactions that could shape your trading strategies.